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...while on Thursday, however, it looked like it might not come to that. After steadfastly refusing to negotiate in the beginning of the week on a plan they believed wouldn't force the Big Three to seriously restructure, Senate Republicans, led by Bob Corker of Tennessee, engaged in a marathon session of talks. By late in the day, it seemed like they might be amenable to a plan that would involve the automakers slashing their debt by March 31 and forcing the United Autoworkers Union to accept wage cuts that would put them on par with employees of foreign automakers...

Author: /time Magazine | Title: After Auto-Bailout Blowup, Will Bush Take the Wheel? | 12/12/2008 | See Source »

...work for which they're underpaid and overqualified." For some, that flexibility means a willingness to accept a transitional position below the salary they're accustomed to--what's often called a survival or fallback job. Legendary investor Warren Buffett has said he would never take a job he wouldn't want to keep. And he stayed true to that, even before he was wealthy. We don't live long enough, the argument goes, to waste time doing something we don't love. Few people, however, make even a small fraction of a small fraction of what Buffett does...

Author: /time Magazine | Title: The Six-Figure-Job Hunt | 12/11/2008 | See Source »

...performance." At the R&D center of French cement giant Lafarge, director Pascal Casanova waxes lyrical about Ductal, a superresilient concrete the center developed that he calls the Formula One of concrete. It's what architect Ferrier used in his 807-ft. (246 m) Hypergreen tower, a project that wouldn't have been possible with regular concrete...

Author: /time Magazine | Title: Cementing the Future | 12/11/2008 | See Source »

Lawyers didn't invent the insanity defense for guys like Rod Blagojevich, but it may soon come in handy. As recently as last month, the leather-jacket-wearing Illinois governor imagined himself as a potential candidate for President in 2016. Meantime, he said, he wouldn't mind getting a Cabinet post, an ambassadorship or even a high-paying corporate gig. Driving these fantasies was his statutory power to name a replacement for former Senator Barack Obama - a power that to Blagojevich seemed like money in the bank. "I've got this thing, and it's f______ golden," he told...

Author: /time Magazine | Title: Governor Gone Wild: The Blagojevich Scandal | 12/11/2008 | See Source »

Still, many observers say Jackson's public explanation was evasive, allowing him to not contradict the federal complaint and still leave open the possibility that an associate of his may have independently approached Blagojevich about essentially paying for Jackson's appointment. "I wouldn't put it past someone to be purporting to represent Jesse without authority," Jackson's lawyer James Montgomery Jr. told the Chicago Tribune. Another explanation that could exonerate Jackson: Blagojevich may have invoked Jackson's name as a speculative attempt to solicit payment. That scenario is what Jesse Jackson Sr. believes, telling ABC News that...

Author: /time Magazine | Title: Jesse Jackson Jr.: The Trouble with Being Candidate 5 | 12/11/2008 | See Source »

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